If my partner has listed me as the beneficiary on his life insurance policy, what kind of taxes will I have to pay?
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If my partner has listed me as the beneficiary on his life insurance policy, what kind of taxes will I have to pay?
Asked on February 15, 2013 under Estate Planning, South Carolina
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
You are advised to seek the consult with a CPA re tax questions, but I do not believe you would incur any tax if the benefit does not exceed the federal or state estate/gift tax exemptions.
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